SPX Technologies (NYSE:SPXC) Reaches New 12-Month High – Still a Buy?

SPX Technologies, Inc. (NYSE:SPXC) shares hit a new 52-week high during trading on Monday . The company traded as high as $247.73 and last traded at $246.10, with a volume of 233344 shares. The stock had previously closed at $242.97.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPXC. B. Riley Financial reiterated a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. BMO Capital Markets started coverage on SPX Technologies in a research note on Friday, March 27th. They set an “outperform” rating and a $243.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Oppenheimer increased their price target on SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company increased their price objective on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $249.44.

SPX Technologies Trading Up 1.1%

The stock has a market capitalization of $12.29 billion, a P/E ratio of 48.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.28. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $218.52 and a two-hundred day simple moving average of $214.85.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The company had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, sell-side analysts expect that SPX Technologies, Inc. will post 7.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPXC. Hantz Financial Services Inc. raised its stake in shares of SPX Technologies by 21.4% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after purchasing an additional 45 shares in the last quarter. Lido Advisors LLC raised its position in SPX Technologies by 1.6% during the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after acquiring an additional 50 shares in the last quarter. Intrust Bank NA raised its position in SPX Technologies by 3.6% during the fourth quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock worth $332,000 after acquiring an additional 58 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in SPX Technologies by 4.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock valued at $286,000 after acquiring an additional 60 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of SPX Technologies by 7.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock worth $188,000 after purchasing an additional 62 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors.

SPX Technologies Company Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.